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20121201
20121231
Search Results 0 to 3 of about 4 (some duplicates have been removed)
"events that occurred in connecticut are a wakeup call to re-examine our investments." the california teacher's pension fund has a lot of money for those investments. $155 billion overall to be exact. remember $751 million of that is with cerberus. so facing that kind of clout cerberus announced at 1:00 a.m. this morning that it would sell freedom group and it would return the proceeds to investors. the company said -- cerberus said "it is apparent that the sandy hook tragedy was a watershed event that has raised the national debate on gun control to an unprecedented level. as a firm, we are investors not statesmen or policymakers. our role is to make investments on behalf of our clients who are comprised of the pension plans of firemen teachers, policemen and other municipal workers and unions and endowments and other institutions and individuals." it seems like money talks afterall. at least in the world of private equity. now california state treasurer bill lockyer has asked the states' two largest pension funds,
: citizens have begun to take action following the tragedy in newtown connecticut and in some cases have already achieved results. investors in cerberus capital management including the california state teacher's retirement system put enough pressure on the firm to force them to announce to sell gun manufacturers they own including bushmaster, the maker of the ar-15. dick's sporting goods one of the country's largest sellers of firearms has temporarily suspended the sale of assault rifles and calls are heating up on walmart the nation's largest seller of firearms to follow suit. joining us now is george zornick, washington reporter for the nation. you wrote a fascinating piece today about walmart. describe it. legislation isn't the only way to accomplish gun control. what are the other levers and pressure points? >> sure, i mean you look at what walmart has done over the past couple of years. expanding gun sales to more than half of their stores which is where it used to be a third or less, and it is something that t
Search Results 0 to 3 of about 4 (some duplicates have been removed)